It’s a small, but extremely connected world. This is true for the information you can access across the globe and your connections to the most important decision makers and business leaders in every corner of the globe. This is nowhere more evident than in global business, which encompasses any company or organization that conducts business outside its home country.
Companies of all sizes must ensure that they are prepared to meet the challenges of global trade. This includes understanding the nuances of international business, as well knowing how to work with partners and colleagues in other countries.
The undergraduate Journal of Global Business and Trade (JGBT) is a journal that publishes research papers, reports, and commentaries that are relevant to the business of globalization. It is also the official journal of CUIBE, the Consortium for Undergraduate International Business Education.
Whether you are a business owner considering going global or want to ensure your team is ready to take on the world, it’s essential to know the impact of cultural differences on the success of your business in foreign markets. It is crucial to understand the customs, holidays and social norms that are prevalent in the various cultures you might encounter while conducting business globally. This is a great way of increasing your “export intelligence.” It may also be helpful to know what you can expect from business acquaintances in other countries, such as the different levels of comfort in personal space or how to greet your coworker in a foreign language.